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20121205
20121213
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Search Results 0 to 5 of about 6
CNBC
Dec 12, 2012 7:00pm EST
are joining them. geez, i may faint. now to washington, d.c. with fed chairman ben bernanke sent a chill down the spine of traders on wall street. bernanke said the fed's money printing should last only until we hit 6.5% unemployment. markets didn't like that one bit and a good rally was completely erased. and we go to damascus where the assad regime is firing scud missiles and where did those missiles come from anyway? >>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a sweetheart deal to delay a 2.3% medical device tax that is part of obama care. due to start january 1st. but you know what, may i with all respect, these guys are hypocrites. they're not supply siders. yes, the tax is a job killer, as they say, but it's only hitting their states. the senators claim the medical device tax kills jobs but why aren't they against all the other job killing obama care taxes or for that matter the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i am glad they have won't up to this lousy medical
CNN
Dec 12, 2012 2:00am PST
. christine romans is talking markets. >> and you can thank big ben bernanke, the fed chief. a lot of people saying that the federal reserve and its herculean efforts to keep the economy moving is why stocks are up, why the economy is growing, and they're expecting the fed to announce new measures, new st stimulus to keep it going. so when you hear the catch phrase that the fed is the only game in town, the fed is the only game in town. around the world it has been central banks who are independent from governments, central banks who have been doing so much, pumping money into the system to keep things going. s&p 500 up 13% so far this year. all of these uncertainties we talked about, the fiscal cliff, all of that stuff, it is because of the certainty of fed policy many people are telling me, also because they think on wall street the fiscal cliff will be avoided. they think on wall street the only thing left to do is a little bit of shouting over what the top rate will be. 36%, 37%. they think corporate taxes will come down and we know that that is in the latest sort of proposal from the wh
CNN
Dec 12, 2012 1:00pm PST
. speaking of the fiscal cliff, jessica, what did the fed chairman ben bernanke say about these current negotiations? >> well, bernanke is the man credited with coining the term fiscal cliff. he did it back in february as part of testimony before congress. bernanke was speaking at a press conference today and he was asked two things. one, does he see impacts from the fiscal cliff, the lack of a deal, is it already rippling through the economy in? he said, yes. that's why you're seeing a fall in consumer confidence and less business activity and he said that it's impair tea that the congress comes to a deal with the white house and he was asked, do you think that term is correct a. fiscal cliff? is it a slope, maybe? he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff
CSPAN
Dec 12, 2012 5:00pm EST
on small businesses is no worse than cutting social worthy programs. federal reserve chairman ben bernanke admitted that the spending levels of this administration are unsustainable, just as president clinton declared years ago, the era of big government is over. this congress needs to man up and declare the era of taxing, spending and borrowing is over as well. now is the time for the president to provide leadership and level with the american people and set aside the campaign rhetoric of class warfare division and envy. small businesses cannot and should not be painted with the same broad brush as millionaires, billionaires and wall street executives. we must protect our small businesses and stop promoting the treatment of their income the same as the wealthy. at the same time, this administration needs to admit that raising taxes on small businesses will not help small businesses. we must prioritize our fiscal negotiations by putting spending reductions before addressing new receive news. mr. speaker -- revenues. mr. speaker, i came to washington to get something done. speaker boehner s
CSPAN
Dec 8, 2012 9:00am EST
like greece. and that's not all that far away. you can have ben bernanke telling you there's no inflation. most americans know that is into right now if you're out there buying milk and groceries and gasoline and rants. you can have a central banker telling you there's no inflation. that's not a problem. you can have a central bank that increases its balance sheet, and printing money, everybody was holding the risk of our bonds, when he is printing those bonds and buying mortgages with that money, at some point in time they will say -- confidence will come. the lack of confidence is going to come where they are not going to -- table caching. they're not going to -- chinese dropped their ownership 10% last year. why did they do that? by teaching the chinese government dropped $150 billion of our debt last year? because they don't have any confidence in what we are doing. and neither do i. that's what i -- i wanted to make a people to see what's going to happen to us when "the debt bomb" explodes. and everything you can on now come you're not going to be able to count on. and
CSPAN
Dec 12, 2012 9:00am EST
recession. that said, that awareness, that recognition, that's ben bernanke and former ed lazar have all embraced our problems now are more about demand, construction, should not undermine the fundamental importance of dealing with skills or that we may face temporary or future skill gaps. i think there's three reasons why we should be focused on this. number one, even the unemployment today that is fundamentally about the cyclical demand, less -- let's strengthen the economy, can easily become the next structural skills problem of the future. we know that one of the challenges we face right now in our economy is not just lowering unemployment, but lowering long-term unemployment. if we allow legions of our fellow citizens to stay unemployed for a year or two year or longer, we note from study after study that they will have more trouble reestablishing their skills going forward. and that would be a humanitarian crisis for us as a country, but it will also be, we will also be sitting by and letting the new structural skills gap expand because we're not taking enough efforts right now to
Search Results 0 to 5 of about 6